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Written by Adam Miller
Buying Your First Home? Learn Why You’ll Need Homeowners Insurance

Buying your first home is an exciting milestone of adulthood and a great way to build for your future. Before signing on the dotted line, it's important to learn about a key aspect of homeownership: Homeowners Insurance.

In today's Aegis blog post, learn the basics of this important type of Personal Insurance, why it's important for all homeowners, and the benefits it can offer. Also discover why so many homeowners trust Aegis Insurance & Financial Services for their Homeowners Insurance needs.

Homeowners Insurance 101

Homeowners Insurance works like most other types of insurance policies by protecting you and your property if the unexpected happens.

Your policy covers the value of your home structure and the contents inside if you suffer damages or losses from a covered event. Paying for replacements or repairs out-of-pocket could cost you tens of thousands of dollars, so it's essential to have this coverage.

Homeowners Insurance typically covers perils and damaging events such as:

• Fire
• Theft
• Lightning strikes
• Water damage (from roof leaks or broken pipes)
• Vandalism
• Hail damage
• Explosion

It's also important to remember that if you plan to finance your new home with a long-term bank loan (mortgage), then you're usually required to carry Homeowners Insurance as part of your mortgage agreement.

Before buying your first home, it's crucial to know the key vocabulary and jargon associated with Homeowners Insurance so you have a full understanding of how your policy works.

Premium: This is the monthly or annual amount you pay for your insurance coverage.
Deductible: The amount you pay out-of-pocket before your insurance takes effect.
Coverage: The protection your insurance policy provides.
Liability: Coverage if someone gets hurt on your property.
Personal Property: Insurance for your physical things, like furniture and electronics.
Replacement Cost: The amount to replace your belongings at today's prices.
Actual Cash Value: The cost to replace your belongings minus depreciation.

With the protection and financial resources that come from Homeowners Insurance, you can have peace of mind that your home investment and personal property is well protected if disaster strikes.

The Benefits of Homeowners Insurance

Homeowners insurance is more than just a way to recover from disaster. It can also:

• Protect Your Investments: Your home is likely your biggest investment. Insurance helps you safeguard it so you can enjoy your home for years to come.
• Peace of Mind: You can have assurance that you'll be able to fully recover if your home is damaged or property is stolen.
• Liability Coverage: If someone is hurt in your house or on your yard, insurance can help cover their medical bills.
• Personal Property Protection: Your personal belongings and valuable items get an extra layer of security.

When your house and personal property are protected with Homeowners Insurance, it gives you the freedom to fully enjoy every aspect of your new home.

Aegis Insurance & Financial Services Has Your Back

Aegis Insurance & Financial Services has partnered with thousands of Texans on their path towards homeownership with reliable, affordable insurance solutions. We can help you navigate the world of Homeowners Insurance with confidence and ease.

Reach out to Aegis Insurance & Financial Services today at 713-850-7622 to learn more about our Personal Insurance options, or fill out our online form to request a free quote!


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